JAKARTA - Bank Indonesia (BI) is committed to maintaining the stability of the rupiah exchange rate in the midst of global volatility.
For information, based on Bloomberg data, on Monday, May 26 at 13.33 p.m., the rupiah exchange rate rose by 0.50 points or 0.00 percent to the level of Rp. 16,217 per US dollar.
Executive Director of the BI Communication Department Ramdan Denny Prakoso emphasized that Bank Indonesia (BI) will act all out and optimize all available policy instruments.
Denny said that Bank Indonesia continues to intervene in the spot market, the Domestic Non-Delivereable Forward (DNDF) market, and the offshore market.
In addition, he conveyed that BI is also ready to purchase Government Securities (SBN) in the secondary market if needed.
"BI will go all out to make the rupiah more stable and of course BI will optimize existing instruments, intervene in the offshore market, intervene in the spot market, DNDF market and also if needed BI will make transactions, especially purchases at the domestic SBN market," he told the media crew, Monday, May 26.
Meanwhile, one of the strategies that is BI's mainstay is through a smart intervention mechanism, namely careful and measurable interventions focused on non-deliverable forward (NDF) markets and offshore markets.
He said that based on Bloomberg data as of May 26, 2025, the rupiah had strengthened by 2.6 percent since the beginning of the month.
"In May 2025, we will see here that the rupiah, Indonesia rupiah until the 26th (May) experienced a 2.6 percent strengthening. Then above it, Indonesia is Thailand, it strengthens 2.95 percent. There is Malaysia, it strengthens 2.64 percent. Under Indonesia there is Singapore, Singapore strengthens 1.9 percent. Then the Philippines he strengthens 1.03 percent. We will see here the weakening is experienced by India rupiah and also Hong Kong dollars," he explained.
Denny said that Bank Indonesia continues to be committed to being present in the market to maintain the balance of the supply and demand mechanism and ensure that the rupiah exchange rate remains in a stable condition.
"The point is now how we can make the rupiah stable first," he said.
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According to him, the main focus is currently maintaining rupiah stability due to the uncertainty of global conditions that are still ongoing.
Therefore, he added that what he wanted to ensure was that the domestic economy remained strong, inflation remained low and maintained, the exchange rate was stable.
"Bank Indonesia is committed to continuing to support economic growth so that all of this makes Indonesia have a high durability to the uncertainty that is happening in this global market," he said.
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